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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(40 ILCS 5/24-104.1) (from Ch. 108 1/2, par. 24-104.1)
Sec. 24-104.1.
The Plan developed under Section 24-104 shall also provide
for the recovery of the expenses of its administration by charging such
expenses against the earnings from investments or by charging fees equitably
prorated among the participating State employees or by such other appropriate
and equitable method as the Board shall determine. Different methods for
recovery of administrative expenses may be provided in relation to different
types of investment programs and the Board may provide for the allocation
of administration expenses among varying types of programs for this purpose.
All sums advanced by appropriation to the State Board of Investment
for the costs of the development and establishment of the Plan shall be
repaid to the State Treasury not later than June 30, 1986, without interest.
The Plan shall provide for such repayment and may, for that purpose, provide
for the recovery of the development and establishment costs by amortizing
them as a part of the administrative expenses of the Plan over a period
of years ending not later than June 30, 1986.
(Source: P.A. 79-384.)
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